WINNIPEG (February 21, 2017) — DMT Development Systems Group Inc. (DMT), the auto industry’s leading comprehensive lead management software provider, announced today it raised significant capital in a growth equity financing round led by Sageview Capital, a U.S. private investment firm. The financing marks the first outside funding in the 20-year history of DMT.

The proceeds from this round will be used to expand DMT’s industry-leading suite of software products, which is built on a unified multi-tenant SaaS platform, enabling automobile manufacturers and their dealerships to efficiently generate and manage leads. The company expects to hire more than 30 new staff for research and product development, and to continue its international market expansion, including new offices in Europe and North America.

“Our mission has always been focused on helping our clients succeed by offering exceptional products, and responsive customer service,” said Glen Demetrioff, who founded DMT. “We’ve built a thriving, growing business and we’re ready for the next level. This investment increases our ability to supercharge our R&D efforts and fast track the development of our industry-leading solutions in the area of real-time communication. We believe that Sageview has the domain expertise, resources and shared vision to help us reach our goals for product evolution and market expansion.”

“DMT is very well positioned as a market leader within the rapidly expanding automotive lead management category,” said Scott Stuart, partner at Sageview Capital. “Sageview is focused on providing growth capital to innovative entrepreneurs and bringing our experience to bear in helping them build category-defining businesses. DMT has all the ingredients for a lasting independent company – a proven market opportunity, breakthrough technology and phenomenal management team.”

As part of this investment, Stuart and Sageview partner Jeff Klemens have joined the DMT board of directors, which also includes Glen Demetrioff, founder and CEO, Sharon Demetrioff, co-founder, and Don Lundgren, principal of INSI Management Services. The controlling majority of DMT resides with the founders. Sageview will hold a minority stake in the company.

DMT’s focus on the automotive sector, deep customer relationships, and history of product innovation has resulted in profitable, double-digit growth, year-after-year while maintaining exceptional OEM and dealership retention.

About DMT Development Systems Group
For nearly 20 years, DMT has provided the global automotive industry with cutting-edge SaaS software and systems focused on improving lead generation and management, information integration, and customer relations for both manufacturers and dealers. DMT serves more than 1,700 clients in more than 20 languages in nearly 30 countries on three continents. A privately held company, DMT is headquartered on the University of Manitoba campus in Winnipeg, Manitoba, with offices in Toronto, Ontario, Paris, France and London, U.K.

About Sageview CapitalSageview Capital LP is a private investment firm providing growth capital to small and mid-sized companies in the technology, business services, and financial services sectors. The firm’s investments include Alfresco, Avalara, Crimson Hexagon, Demandbase, EverBank Financial, GoPro, MetricStream, Reflexis, and United Capital, among others. Sageview was founded in 2006 and is led by Ned Gilhuly and Scott Stuart, former partners of Kohlberg Kravis Roberts & Co. (KKR) and Dean Nelson, former head of KKR Capstone. The firm has offices in Greenwich, Connecticut and Palo Alto, California.